Boyd Group Services Inc · TSX:BYD
Boyd Group Services — Investor Presentation (September 2026)
28 slides from Boyd Group Services's investor presentation, September 2026
Slide 1: Investor Presentation September 2026
Boyd Group Services Inc. INVESTOR PRESENTATION SEPTEMBER 2026 Internal
Slide 2: Forward-Looking Statement
Forward-Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 2 Forward-Looking Statement This presentation contains forward-looking statements, other than historical facts, which reflect the view of the Company’s manageme
Slide 3: 2025 Financial Highlights, Growth Opportunity and Long-Term Goals
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 3 2025 FINANCIAL GROWTH OPPORTUNITY LONG-TERM GROWTH HIGHLIGHTS ASSUMPTIONS AND MARGIN GOALS $3.1B Revenue Boyd is the 2nd largest 3-5% Average Annual SSSG 1 in
Slide 4: Bottoms-Up Estimates Narrow Estimated Market Size to Around $55-60B
Forward Looking Statements Company Profile Market Data The Business Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 4 MARKET DATA Bottoms-Up Estimates Help Narrow the Range for Estimated Market Size to Around $55-60B Market size triangulated with three methods Major sources $
Slide 5: Market Volumes Normalizing
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 5 MARKET DATA Market Volumes Normalizing Collision & Maintenance Have Historical Deferral Periods but Have Shown Resiliency 0.08 0.07 Real PCE for Vehicle 0.06
Slide 6: Consumer Behavior During Economic Stress
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 6 MARKET DATA Consumer Behavior During Economic Stress NAIC Earned Exposure by Coverage Earned exposure (millions of car years) 600 8.0% 500 6.0% 526 Change Pro
Slide 7: Historical Growth Indicates ADAS and Total Loss Have Not Impeded Market Growth
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 7 MARKET DATA Historical Growth Indicates that ADAS and Total Loss Have Not Impeded Market Growth % Car Parc ADAS Penetration and Total Loss $80 100% Market CAG
Slide 8: Structural Tailwinds for Total Cost of Repair (TCOR)
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 8 TCOR Structural Tailwinds for Total Cost of Repair (TCOR) Long-Term Growth in Parts & Labour Inflation Increased Complexity Of Newer Total Cost of Repair (TCO
Slide 9: Average Total Cost of Repair (TCOR) vs. CPI
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 9 TCOR Average Total Cost of Repair (TCOR) vs. CPI $6,000 12% $5,000 10% $4,000 8% Misc. Parts $3,000 6% Labor TCOR%YoY TCOR Change change CPIgrowth YoY Change
Slide 10: Collision Repair Less Concentrated than Analogs Despite MSO Consolidation
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 10 MSO CONSOLIDATION On a Store Count Basis, Collision Repair is Less Concentrated than Analogs, Despite Recent MSO Consolidation 55% Note: Market share perspec
Slide 11: Boyd's Business
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 11 Boyd’s Business A Leader in North American Collision and U.S. Glass Boyd Group’s Collision Footprint • The second largest collision repair operator in North
Slide 12: A Trusted Partner for Insurance Carriers
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 12 A Trusted Partner for Vehicle Owner Has Accident Insurance Carriers Boyd Grows and • Direct Repair Programs (“DRPs”) manage auto repair Gains More Insurer Ve
Slide 13: A Commitment to Operational Excellence
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 13 Best-in-Class Service Provider • Average cost of repair • Cycle time • Customer service • High-quality repairs • Integrity in every interaction WOW Operating
Slide 14: New Unit Growth Augments Organic Expansion
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 14 New Unit Growth Augments Organic Expansion Boyd Group’s Total North American Locations 1,321 1,043 942 984 848 860 698 741 611 509 351 404 2015 2016 2017 201
Slide 15: Varying Ramp-Up Times, Consistently Strong Returns
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 15 SINGLE SHOP GROWTH Varying Ramp-Up Times, Consistently Strong Returns Sales Adjusted $000s EBITDA% 4,000 25.0% Single Acquisition 3,500 20.0% Maturation Case
Slide 16: Proven Success in Driving Value Through Single Shop Acquisitions
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 16 Proven Success in Driving Value Through Single Shop Acquisitions Value Creation Levers Single Shop Acquisition Adj. EBITDA Margins Client Relationships +450
Slide 17: Joe Hudson's Acquisition: Accelerating Scale, Density & Market Leadership
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 17 Joe Hudson’s Acquisition: Accelerating Boyd’s Scale, Density & Market Leadership BUILDING DENSITY ACROSS THE US SOUTHEAST • Solidifies Boyd’s leadership posi
Slide 18: Synergies + Store Maturation Unlock Adj EBITDA Upside Potential
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 18 Synergies + Store Maturation Unlocks Meaningful Adj EBITDA Upside Potential SYNERGIES: STORE MATURATION: MEANINGFUL ADJUSTED EBITDA ~$40M ~$24M IN ADJUSTED E
Slide 19: Sustain Our Market Leadership and Accelerate Our Profitability
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 19 OUR GOAL Sustain Our Market Leadership and Accelerate Our Profitability Ambition “WOW” every customer as the most profitable industry consolidator, while ret
Slide 20: Executing Our Proven Growth Playbook to Achieve Our Revenue Goal
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 20 Executing Our Proven Growth Playbook to Achieve Our Revenue Goal $5B • Incorporating a return to a normalized +5-7% repairable claims environment, enabling B
Slide 21: Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 21 Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies $30MM $140MM Project 360, our cost transformation plan, together with synergies from the c
Slide 22: Disciplined Capital Allocation Focused on Growth While Maximizing Returns
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 22 Disciplined Capital Allocation Focused on Growth While Maximizing Returns GROWTH INVESTMENTS—Acquisition & Growth Capex • Target: $150-$200MM Annually • Inve
Slide 23: Long-Term Same Store Sales Falls Within Our Growth Assumptions
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 23 SAME STORE SALES Despite Quarterly Volatility, Long-Term Same Store Sales Falls Within our Growth Assumptions Boyd’s Quarterly Same-Store Sales Growth 30.0%
Slide 24: Short-Term Fluctuations Have Limited Impact on Adjusted EBITDA
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 24 SAME STORE SALES Short-Term Fluctuations Have Limited Impact on Adjusted EBITDA Boyd’s SSSG and Adjusted EBITDA Growth Relationship (Ex-Pandemic) 100% 80% 0.
Slide 25: Strong Sales Growth, Margin Expansion and Synergy Realization in Q2 2026
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 25 Strong Sales Growth, Margin IN US$ MILLIONS Expansion and Accelerated Synergy (except per share and % amounts) Realization in Q2 2026 QUARTER ENDED June 30,
Slide 26: Balance Sheet Strength Supports Growth
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 26 Balance Sheet Strength IN US$ MILLIONS Supports Growth June 30, 2026 December 31, 2025 Cash $22.9 $1,228.6 Long-term debt $976.0 $937.9 Total (cash, net of d
Slide 27: Experienced Management Team Poised to Seize Market Opportunity
Forward Looking Statements Company Profile Market Data The Business Joe Hudson’s Acquisition Long-Term Goal Financial Review Executive Team 27 Experienced Management Team Poised to Seize Market Opportunity BRIAN JEFF KIM CREIGHTON STEPHEN STEVE ZACH KANER MURRAY MORIN WARREN BOYD HOEFT BALTHROP Vice
Slide 28: Internal
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